iPhones are notoriously susceptible to theft and damage. As the hot smart phone of the time, they are at a high risk for theft. As the most popular and most used smart phone, they have the highest rates of damage. Therefore, you don’t want to walk around with a $600 device in your pocket without some kind of protection. There are only a few companies that provide iPhone insurance. AT&T and Verizon will not cover the phone through their insurance because the risk is too high. You may want to look into a third party insurance company to cover your phone in case of a loss. Worth Ave. Group has the most competitive pricing with the most comprehensive coverage.
You can protect your device against, Theft, Fire, Flood, Natural disasters, Vandalism, Power surge due to lightning and Accidental Damage, such as drops, screen cracks and liquid spills. And, with only a $50 deductible, you have only a little bit out of pocket should you need to file a claim. The coverage is world-wide so you are covered everywhere you take your phone, no questions asked. Premiums begin at $50 a year to make the policy affordable to matter what your budget may be.
If you are looking into other companies as well such as Safeware or SquareTrade, view this side by side comparison chart of the companies to see which one works best for you.
Regardless, whom you choose to insure your device, you will definitely want to be insured. For all you new Verizon iPhone owners, welcome to the iPhone community.